GoldCorp Inc. (GG) has scope to move up on surge in yellow metal prices

GoldCorp (NYSE: GG) acquisitions of some gold mining companies over the recent years may now come in handy as Gold prices have sustained above $1000 over the past few weeks. GG already has already become the world’s third largest gold producer in the world following the $8.6 billion acquisition of Glamis Gold three years back, and rumours of acquisition of American Sierra Gold (NYSE: AMNP). GG holds the potential to improve by 10-15% in times ahead.